Growing foreign investment pledges in 2023 'significantly' link to Marcos' foreign trips

  • 📰 CNN Philippines
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

President Ferdinand Marcos Jr.'s trips abroad have begun materializing with approved foreign investment ballooning to ₱427 billion in the nine months to September, a trade official said.

In a Palace briefing on Tuesday, Trade Undersecretary Ceferino Rodolfo said the total investment approvals from January to September reached ₱734 billion, up from ₱362 billion a year ago.

However, the central bank in September reported that foreign direct investments or actual fund inflows dropped 20.4% to $3.911 billion in the first semester due"largely to investor concerns over weak growth prospects amid persistent global uncertainties." The DTI official said about 90% of the ₱427 billion investments were directed to the renewable energy market.

Marcos was in Belgium in December 2022 for the Association of Southeast Asian Nations-European Union Commemorative Summit.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 13. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes